Tan Boon Liat Building set for conditional S$950m sale and potential 800-home redevelopment
Tan Boon Liat Building has been sold in a conditional S$950 million en bloc deal to a unit of Kingsford Group, subject to owner and regulatory approval. If the sale proceeds, the freehold site near Havelock MRT station could be redeveloped into a mixed-use project with at least 800 homes. Analysts say the location, freehold status and redevelopment potential could attract strong demand from homebuyers and investors alike. Alxis Thng reports.
Tan Boon Liat Building has been sold in a conditional S$950 million en bloc deal to a unit of Kingsford Group, subject to owner and regulatory approval. If the sale proceeds, the freehold site near Havelock MRT station could be redeveloped into a mixed-use project with at least 800 homes. Analysts say the location, freehold status and redevelopment potential could attract strong demand from homebuyers and investors alike. Alxis Thng reports.
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